#tradingRules #TradeCommonMistakes
10 common mistakes most traders make
- Stubbornly holding onto losses.
- Buying on the way down in price.
- wanting to make a quick and easy buck.
- Buying on tips, rumors, split announcements, and other news events, stories, or opinions you hear from supposed market experts on TV.
- Selecting second-rate stocks because of dividends or low P/E ratios.
- Buying because of old names you’re familiar with.
- Being afraid to buy stocks that are going into the new high ground in price.
- Cashing in small, easy-to-take profits while holding the losers.
- Not being able to make up your mind when a decision needs to be made.
- Concentrating your time on what to buy and once the buy decision is made, not understanding when or under what conditions the stock must be sold.
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Nov. 27 2024
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